The Pound continues to trade sideways against the Greenback as Brexit headlines continue to deflate bulls’ attempts. A speech from the BoE’s Carney is expected to get exclipsed by US economic figures due later today. The GBP/USD is trading roughly near 1.3150 after slipping further away from Wednesday’s highs just above the 1.3200 technical level; A US Federal Reserve rate hike helped to shock the US Dollar temporarily and push the Cable pairing into a fresh high for the week, but broader sentiment continues to lean into the Greenback’s favour, and the Pound remains trapped near levels that have populated its chart for nearly two weeks. Thursday brings a speech by the Bank of England’s (BoE) Governor Mark Carney, who is expected around 14:00 GMT, but after the US Fed’s as-expected showing in the markets on Wednesday, today is similarly all about the USD, with final annualized US GDP at 12:30 GMT (forecast 4.2%, last 4.2%) as well as Core Personal Consumption Expenditure (forecast 2%, last 2%), and Carney’s speech finds itself bookended by US data, with Fed President Jerome Powell expected to begin speaking at 20:30 GMT. Brexit headlines continue to run their course through the week, with Prime Minister Theresa May trying to find room to stand between hard-line Eurosceptics threatening to sabotage any agreements she manages to pen with EU leaders, and the EU leaders themselves giving little to no quarter to the beleaguered PM in trade negotiations. GBP/USD levels to watch Bullish attempts by Pound bidders are quickly running out of gas, and as FXStreet’s own Valeria Bednarik noted: “technically, the pair is stuck to the 50% retracement of the 2016/18 rally, and the 4 hours chart shows that it managed to hold above a now mild positive 20 SMA. Technical indicators in the mentioned chart, are losing upward momentum within positive territory, somehow suggesting that speculative interest is not ready to take over the 1.3200 figure. Nevertheless, the pair posted a higher high and a higher low for a third consecutive day, which means that sellers are not interested at the time being. Brexit headlines will likely continue to set the tone for Sterling over the upcoming days.” Support levels: 1.3125 1.3090 1.3055 Resistance levels: 1.3215 1.3260 1.3300 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBNZ left the OCR unchanged – Westpac FX Street 4 years The Pound continues to trade sideways against the Greenback as Brexit headlines continue to deflate bulls' attempts. A speech from the BoE's Carney is expected to get exclipsed by US economic figures due later today. The GBP/USD is trading roughly near 1.3150 after slipping further away from Wednesday's highs just above the 1.3200 technical level; A US Federal Reserve rate hike helped to shock the US Dollar temporarily and push the Cable pairing into a fresh high for the week, but broader sentiment continues to lean into the Greenback's favour, and the Pound remains trapped near levels that have populated… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.